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	<title>Wire transfer fraud Archives - Foster Institute</title>
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	<title>Wire transfer fraud Archives - Foster Institute</title>
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		<title>Finally, a Solution to Solve What May Be the Biggest Cyber Security Risk at Your Organization</title>
		<link>https://fosterinstitute.com/finally-a-solution-to-solve-what-may-be-the-biggest-cyber-security-risk-at-your-organization/</link>
		
		<dc:creator><![CDATA[Mike Foster]]></dc:creator>
		<pubDate>Mon, 12 Dec 2016 17:00:32 +0000</pubDate>
				<category><![CDATA[Alerts]]></category>
		<category><![CDATA[browser security]]></category>
		<category><![CDATA[Cyber Scams]]></category>
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		<category><![CDATA[Data Loss Prevention]]></category>
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		<category><![CDATA[Technology Safety]]></category>
		<category><![CDATA[Technology Safety Tips]]></category>
		<category><![CDATA[Technology Security]]></category>
		<category><![CDATA[Wire Transfer Fraud]]></category>
		<category><![CDATA[Authetnic8]]></category>
		<category><![CDATA[Bad Link]]></category>
		<category><![CDATA[Biggest Security Risk]]></category>
		<category><![CDATA[Citrix]]></category>
		<category><![CDATA[cyber security]]></category>
		<category><![CDATA[Cyber Security Best Practices]]></category>
		<category><![CDATA[Cyber Security Breach]]></category>
		<category><![CDATA[Cyber Security Consultant]]></category>
		<category><![CDATA[Cyber Security Tips]]></category>
		<category><![CDATA[Email Link]]></category>
		<category><![CDATA[hackers]]></category>
		<category><![CDATA[hosted browser]]></category>
		<category><![CDATA[Internet Safety Tips]]></category>
		<category><![CDATA[it best practices]]></category>
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		<category><![CDATA[IT pros]]></category>
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		<category><![CDATA[malicious websites]]></category>
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		<category><![CDATA[Wire transfer fraud]]></category>
		<guid isPermaLink="false">https://fosterinstitute.com/blog/?p=2404</guid>

					<description><![CDATA[<p>It happens all the time: A user clicks on a link in an email message, and the computer gets infected. Ransomware can lock up the data on the drive or even your servers. Sensitive data can be stolen, wire transfers attempted, and other bad things can happen. When a user is tricked into clicking on [&#8230;]</p>
<p>The post <a href="https://fosterinstitute.com/finally-a-solution-to-solve-what-may-be-the-biggest-cyber-security-risk-at-your-organization/">Finally, a Solution to Solve What May Be the Biggest Cyber Security Risk at Your Organization</a> appeared first on <a href="https://fosterinstitute.com">Foster Institute</a>.</p>
]]></description>
										<content:encoded><![CDATA[<p>It happens all the time: A user clicks on a link in an email message, and the computer gets infected. Ransomware can lock up the data on the drive or even your servers. Sensitive data can be stolen, wire transfers attempted, and other bad things can happen. When a user is tricked into clicking on a bad link, the link instantaneously takes the user to a malicious website. It may even look like a real website or pop-up window. Now the attackers win.</p>
<p>A drastic solution is to <span id="more-2404"></span>uninstall all browsers. Browsers can’t get hacked when they don’t exist. You can switch to hosted browser service that runs browsers in the cloud, not on your computer.</p>
<p>To see how this works, watch the short videos at authentic8 dot com and Citrix dot com/virtualization/secure-browser </p>
<p>This newsletter is targeted to executives who don’t need to understand technology, so you may choose to forward the following technical information to your IT Department.</p>
<p>And please forward this to anyone whose cybersecurity you care about.</p>
<p>For our more technical audience: As of today, only authentic8’s solution supports general web browsing, but both support web applications.</p>
<p>Since these services put security first, and functionality a close second, you may still need a local browser for some applications if they don’t function properly in the hosted browser environment. But, if that is the case, you may be able to remove Flash and Java from your systems to make your local browsers more secure.</p>
<p>The biggest problem with both products is that they do not have a way to be set as the default browser to be used if a user clicks inside an email message. So, if you must leave a local browser installed, your users will still need to be careful about clicking links in email messages. The solution may be available soon.</p>
<p>Hosted browsers still protect your computers during web browsing sessions. And it becomes practically impossible for an attacker to use a hosted browser to access the sensitive data stored on your network drives.</p>
<p>Investigate using a hosted browser for added protection against the many threats on the Internet that exploit browsers and plugins such as Flash and Java.</p>
<p>The post <a href="https://fosterinstitute.com/finally-a-solution-to-solve-what-may-be-the-biggest-cyber-security-risk-at-your-organization/">Finally, a Solution to Solve What May Be the Biggest Cyber Security Risk at Your Organization</a> appeared first on <a href="https://fosterinstitute.com">Foster Institute</a>.</p>
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		<item>
		<title>Alert – ACH and Wire Transfer Fraud at Epic Levels</title>
		<link>https://fosterinstitute.com/alert-ach-and-wire-transfer-fraud-at-epic-levels/</link>
		
		<dc:creator><![CDATA[Mike Foster]]></dc:creator>
		<pubDate>Thu, 07 Apr 2016 19:39:06 +0000</pubDate>
				<category><![CDATA[ACH Fraud]]></category>
		<category><![CDATA[Alerts]]></category>
		<category><![CDATA[Best Practices]]></category>
		<category><![CDATA[Cyber Scams]]></category>
		<category><![CDATA[Cybersecurity]]></category>
		<category><![CDATA[Wire Transfer Fraud]]></category>
		<category><![CDATA[ACH fraud]]></category>
		<category><![CDATA[ACH Hackers]]></category>
		<category><![CDATA[bank scams]]></category>
		<category><![CDATA[bank theft]]></category>
		<category><![CDATA[cyber security]]></category>
		<category><![CDATA[Cyber Security Best Practices]]></category>
		<category><![CDATA[Cyber Security Breach]]></category>
		<category><![CDATA[Cyber Security Consultant]]></category>
		<category><![CDATA[cyber security expert]]></category>
		<category><![CDATA[Cyber Security Tips]]></category>
		<category><![CDATA[cyber theft]]></category>
		<category><![CDATA[epic level fraud]]></category>
		<category><![CDATA[hackers]]></category>
		<category><![CDATA[Internet Safety Tips]]></category>
		<category><![CDATA[it best practices]]></category>
		<category><![CDATA[IT network security]]></category>
		<category><![CDATA[IT pros]]></category>
		<category><![CDATA[it risk management]]></category>
		<category><![CDATA[it security audit]]></category>
		<category><![CDATA[IT security consultant]]></category>
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		<category><![CDATA[IT security procedures]]></category>
		<category><![CDATA[it security review]]></category>
		<category><![CDATA[IT security training]]></category>
		<category><![CDATA[money frauds]]></category>
		<category><![CDATA[money hackers]]></category>
		<category><![CDATA[money scames]]></category>
		<category><![CDATA[risk management]]></category>
		<category><![CDATA[tech support]]></category>
		<category><![CDATA[Wire transfer fraud]]></category>
		<category><![CDATA[Wire Transfer Hackers]]></category>
		<guid isPermaLink="false">https://fosterinstitute.com/blog//?p=2287</guid>

					<description><![CDATA[<p>Everyone – this is urgent – we are seeing an enormous increase in users being duped into making unauthorized transfers. The attackers are very, very good at tricking people – often using multiple communications in order to build trust. You absolutely must take the following steps to help protect you and your organization. Anything involving [&#8230;]</p>
<p>The post <a href="https://fosterinstitute.com/alert-ach-and-wire-transfer-fraud-at-epic-levels/">Alert – ACH and Wire Transfer Fraud at Epic Levels</a> appeared first on <a href="https://fosterinstitute.com">Foster Institute</a>.</p>
]]></description>
										<content:encoded><![CDATA[<p>Everyone – this is urgent – we are seeing an enormous increase in users being duped into making unauthorized transfers. The attackers are very, very good at tricking people – often using multiple communications in order to build trust. You absolutely must take the following steps to help protect you and your organization.<span id="more-2287"></span></p>
<p>Anything involving an ACH or a wire transfer request should immediately raise a huge red flag for every single user in all organizations.</p>
<p>Send the following to your customers, prospects, and everyone with whom you do business:</p>
<p>If you receive any kind of communication, asking for an ACH or wire transfer to (your organization), it is a brazen attempt by fraudsters to steal money. Ignore requests sent via invoice, email, fax, snail mail, phone call, social media, text message, overnight letters, and by any other form of communication. Even if the communication contains logos and looks official, ignore it. If the wire transfer request provides a printed or verbal phone number to phone (your organization) to get approval, do not believe that phone number. It probably goes to a call center managed by attackers. If you want to phone us, please do so by calling the number you have on file, or the number listed on our website. Do not reply to any email messages. The reply is likely to go to the fraudsters. They will continue to bluff you. Please alert everyone in your AR department, and anyone else who has authorization to make wire transfers to never transfer money to (your organization).</p>
<p>And, of course, if you do business using wire transfers, notify them that if they ever see a request to transfer money, they need to call, by voice, a specific person at your office each time, a person you specifically identify to them ahead of time, at a specific phone number, to confirm the accounts and all details prior to transferring any money to you. </p>
<p>And, the request does not necessarily indicate you’ve been hacked. But – if the fraudsters know things such as your customer names, current projects, deals that are about to close, invoices, and any other similar information, you should suspect the possibility of a breach of you or the other party. If the fraudsters know when key people are out of the office, that should raise your level of suspicion even higher. The attackers stand to gain huge financial rewards when they successfully receive money wired to them, so they are willing to invest the time to infiltrate your systems in order to gather information that will make their fraudulent attack appear to be a legitimate request.</p>
<p>Please forward this email message to everyone you care about. For some reason, companies just don’t think this will affect them, until it does. This is becoming a national crisis.  Tell them: Yes, this means you!</p>
<p>The post <a href="https://fosterinstitute.com/alert-ach-and-wire-transfer-fraud-at-epic-levels/">Alert – ACH and Wire Transfer Fraud at Epic Levels</a> appeared first on <a href="https://fosterinstitute.com">Foster Institute</a>.</p>
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